Conestoga Capital Advisors LLC raised its position in Bottomline Technologies Inc. (NASDAQ:EPAY) by 7.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,374,405 shares of the company’s stock after buying an additional 90,720 shares during the period. Bottomline Technologies accounts for approximately 2.2% of Conestoga Capital Advisors LLC’s holdings, making the stock its 20th largest position. Conestoga Capital Advisors LLC owned about 3.64% of Bottomline Technologies worth $32,037,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EPAY. Nuveen Asset Management LLC raised its stake in shares of Bottomline Technologies by 54.0% in the first quarter. Nuveen Asset Management LLC now owns 122,774 shares of the company’s stock worth $3,743,000 after buying an additional 43,025 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Bottomline Technologies by 110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 11,923 shares of the company’s stock worth $257,000 after buying an additional 6,264 shares during the period. GW&K Investment Management LLC raised its stake in shares of Bottomline Technologies by 12.2% in the second quarter. GW&K Investment Management LLC now owns 108,450 shares of the company’s stock worth $2,335,000 after buying an additional 11,780 shares during the period. Fisher Asset Management LLC raised its stake in shares of Bottomline Technologies by 78.4% in the second quarter. Fisher Asset Management LLC now owns 323,359 shares of the company’s stock worth $7,094,000 after buying an additional 142,074 shares during the period. Finally, Eagle Asset Management Inc. raised its stake in shares of Bottomline Technologies by 12.6% in the second quarter. Eagle Asset Management Inc. now owns 73,707 shares of the company’s stock worth $1,586,000 after buying an additional 8,250 shares during the period. 96.24% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

Shares of Bottomline Technologies Inc. (NASDAQ:EPAY) traded up 0.16% on Monday, reaching $24.98. The company had a trading volume of 182,738 shares. Bottomline Technologies Inc. has a 12 month low of $18.48 and a 12 month high of $31.58. The firm’s 50 day moving average is $22.97 and its 200 day moving average is $22.80. The firm’s market capitalization is $947.37 million.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $83.08 million for the quarter, compared to analysts’ expectations of $84.38 million. Bottomline Technologies had a positive return on equity of 7.39% and a negative net margin of 7.54%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. On average, equities research analysts expect that Bottomline Technologies Inc. will post $0.85 earnings per share for the current fiscal year.

EPAY has been the subject of a number of research analyst reports. Royal Bank Of Canada initiated coverage on Bottomline Technologies in a research report on Friday, September 30th. They set a “sector perform” rating and a $26.00 target price for the company. RBC Capital Markets initiated coverage on Bottomline Technologies in a research report on Friday, September 30th. They set a “sector perform” rating and a $26.00 target price for the company. Zacks Investment Research raised Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 26th. Barrington Research reaffirmed an “outperform” rating and set a $30.00 target price on shares of Bottomline Technologies in a research report on Tuesday, August 23rd. Finally, Canaccord Genuity decreased their target price on Bottomline Technologies from $28.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 26th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $28.00.

In other Bottomline Technologies news, insider Robert A. Eberle sold 35,992 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $22.36, for a total transaction of $804,781.12. Following the transaction, the insider now owns 410,176 shares of the company’s stock, valued at $9,171,535.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Francis Kelly sold 1,929 shares of the firm’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $23.15, for a total value of $44,656.35. Following the transaction, the insider now directly owns 38,687 shares in the company, valued at approximately $895,604.05. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.

About Bottomline Technologies

Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

5 Day Chart for NASDAQ:EPAY

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